Chennai-based Hatsun Agro Products Limited has lined up Rs 160 crore investment to set up two new plants and other related expansion activities over the next one year, a senior company official said.
It has nine plants in Karnataka and Tamil Nadu. The proposed two plants would come up in south of Tamil Nadu. However, the location has not been finalised.
“The company handles around 2.2 million litres of milk on a daily basis, a 27 per cent increase in the quantity handled last year. We are planning to add 500,000 litre more to the daily capacity,” RG Chandramogan, chairman and managing director, Hatsun Agro, said. Hatsun had crossed the Rs 1,000-crore turnover mark in the half year ended September 30.
The company is also planning to set up a plant to produce 50,000 litres of curd per day by February 2013. It would add to the existing capacity of 70,000 litres and take the total daily output to 120,000 litres of curd.
It sells liquid milk under the Arokya brand and a range of milk-based products under the brand Hatsun in south India. It also sells ice-creams under Arun and Ibaco brand.